Top economists call for action on runaway global inequality
Top economists call for action on runaway global inequality
Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, says letter to UN and World Bank
The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”
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The majority of polled economists in the US do not support getting rid of student loan debt but continue to argue that the Wall Street Bailouts were a good idea. The Brookings Institute for example publishes near monthly articles on the subject.
Economists are not objective. They work for banks. They tells us what banks want us to think.
This is so far from being the truth. Please get an economics degree and see if you still think that.
I don't know if I like this place. Everything is so conspiratorial.
This is so far from being the truth. Please get an economics degree and see if you still think that.
First off I don't need a degree in theology to be an atheist. Nor a degree in Chiropractic "medicine" to know that it is dangerous bullshit.
Secondly, what did I say that factually was not true?
I don’t know if I like this place. Everything is so conspiratorial.
Sorry, you should ask for your money back. Go hang out on like reason.org or some economists blog and circle jerk each other on how great student loans are.
Correct, you don't, because those are garbage disciplines based on nothing whereas economics is decidedly not. Economics is the study of constrained choice, using rigorous math to model these scenarios and applied statistics to test the models. Any 1st or 2nd year course you take in economics isn't revealing truisms about the world - they are introducing concepts and highly simplified, abstracted models so that when you get into upper year courses and you start using extremely heavy math to make more realistic models that are serious attempts to explain actual human behavior, you're not completely lost.
You take at face-value that certain subsets of economists argue in favor of bank bailouts but against student loan relief is proof that they're evil, or garbage, or bought and paid for, without even understanding the arguments. The bank bailouts were loans which the banks paid back - would you be fine with the government giving out more loans to pay off existing student loans?
based on nothing whereas economics is decidedly not.
Incorrect. It is garbage based on whatever power structure says is true. Basically religion.
You take at face-value that certain subsets of economists argue in favor of bank bailouts but against student loan relief is proof that they’re evil, or garbage, or bought and paid for, without even understanding the arguments
How did you determine what I know and don't know? Please show me your methodology of mindreading. Hey everyone watch as this one ignores this question
The bank bailouts were loans which the banks paid back
Gotcha. Wrong wrong wrong wrong wrong. The loan portion was a fraction of the entire bailout package. There was also the shutdown of their competition via stresstesting and the excessive reserve program which dwarfed the loan portion. Plus there is the get out of jail free card the government issued to them. I am going to assume you knew about all three and like your economists friends were hoping that I didn't. A lie by omission. Garbage rhetorical tricks they teach in economic classes these days.
If I paid off a cop to not arrest you, gave you a free apartment building to live in, murdered your rivals, and then you paid me back ten bucks you lent me before that would pretty much describe what happened.
https://en.m.wikipedia.org/wiki/Excess_reserves
would you be fine with the government giving out more loans to pay off existing student loans?
I don't know, go ask the bank that pays you to tell you what to think to do.